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Beeple NFT Sold for Record-Setting $69.3M at Christie's Auction
Just when you thought NFTs couldn't get any crazier.
A piece of digital artwork has sold for a mind-blowing $69.3 million at auction.
STORY CONTINUES BELOW
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Storied auction house Christie's has wrapped its sale of "EVERYDAYS: THE FIRST 5000 DAYS" by crypto artist Beeple.
The winning bid just after 10:00 a.m. ET for the non-fungible token (NFT) was a staggering $60.25 million. The buyer's premium upped the final price to $69,346,250.
In the final minutes of the auction, the price jumped from the $20 million range to over $50 million.
It's by far the largest known sale of an NFT, a special type of token that lives on the Ethereum blockchain and proves digital ownership of its associated media.
Read more: What Are NFTs and How Do They Work?
Ether (ETH) was supported as a payment option in a first for the 255-year-old auction house. At press time, it is unclear if the buyer used fiat or crypto to buy the now-famous Beeple.
Beeple's previous record-breaking auction was in February on NFT marketplace Nifty Gateway. That piece, a video clip of a digitally illustrated Donald Trump lying face down in the grass, sold for $6.6 million in ETH.
According to the New York Times, the most expensive painting ever sold was a Leonardo da Vinci that went for $450.3 million in 2017.
This is a developing story and will be updated.
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
Zack Seward
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.
